Nike is close to an important level which will determine if a bottom formation is completed or a further slump will occur. Currently a DBW formation is build after almost perfect a Dopple Top Formation has been finished. Currently we are close to the 4 level, the current local low. The RSI is close to oversell, which support the turn around idea, which may result...
The Inverse ETF for the 20-Year US Government Bond is currently breaking out of a Descending Broadening Wedge and is looking to go much higher perhaps between the 61.8% and 78.6% retraces which would be about a 500-1,400% percentage gain which also means that longer end bond yields are going much higher.
After 67 days of price action we have a 4H descending wedge pattern, and currently the upper boundary is being tested.
The SPX had a similar long term pattern formation as shown on the chart. The breakthrough of the upper boundary resulted in a 13.88% rally up past the previous local high and looks extremely bullish right now. Perhaps there will be a cool off...
Hey traders! Today, I want to discuss an intriguing chart pattern I've identified on $RAY. Let's explore the descending broadening wedge and its implications for potential price action. 📊💡
Pattern: Descending Broadening Wedge 📉🔽
Symbol: FWB:RAY 💰
Overview:
A descending broadening wedge is a significant chart pattern characterized by expanding price swings...
Hey traders! Today, I want to share an exciting chart pattern I've identified on MIL:DOT (Polkadot). Let's explore the descending broadening wedge and its implications for potential price action. 📊💡
Pattern: Descending Broadening Wedge 📉🔽
Symbol: MIL:DOT 💰
Overview:
A descending broadening wedge is a distinct chart pattern characterized by expanding price...
On the chart of Intel Corporation (INTC), we can see two bullish reversal patterns on a daily timeframe.
We can see a Descending Broadening Wedge. This is a typical bullish reversal pattern. Once the price breaks out of the upside of the pattern the highest point of the pattern becomes the target.
The second pattern is a forming Double Bottom. This pattern...
The Hourly setups have been stopped out and the SPX has gone significantly deeper but now looking at the Daily Setup and it gives reason to think it can continue up from here. We are at the Demand line of the Descending Broadening Wedge and are trading at what could be a Bullish Gartley. From this point I'd put stops below the 800 Day EMA and enter bullish...
SNX has Double Bottomed within this Broadening Wedge Pattern and is now attempting to Breakout of the Wedge and close above a major weekly candle close. if it can successfully do so i think it could easily target up to the 0.618 Fibonacci Retrace.
Currently, the price of FTMUSDT is attempting to break out of a descending channel after a clear retest of the 0.5 Fibonacci level.
A descending channel is a technical pattern in which the price of an asset moves downwards between two parallel trend lines. The upper trend line acts as a resistance level, while the lower trend line acts as a support level. The...
We have a Confirmed Partial-Decline of the Descending Broadening Wedge; The Bullish Target would take us to $6.30 but we have room to push to around $10.50
FTM is above a previous congestion zone and is attempting to breakout of a Descending Boradenign Wedge. If we breakout and reach the Full Measured Move it will Hold Support and Rally to $0.675
Previously a trade was taken on the spy from this support level that targetted tthe $420-$425 level of Previous Support and Resistance after hitting this level of interest price came back down to support in early October. By this time we developed Bullish Divergence and eventually Gapped Down Below Support only to close Bullishly back above Support therefore...
We have a Bullish Gartley on the 30 Minute and a medium sized Bullish Shark on the Daily within the local range above the support zone. If we can trade back above the zone marked in the white box on the bottom right chart we will likely reconfirm our partial decline from there and breakout of the overall Descending Boradening Wedge and go for Macro Targets between...
During my trading journey I have learn that when the price gets back inside of the pattern, after a Fake Breakout then there is a high probability that there will be a breakout on the other side of the pattern. And for that reason I'm log with this pair.
On weekly we can see that the price is coming back inside of descending channel - bullish pattern.
On the Dash chart, a descending broadening wedge has appeared (1h-timeframe).
A descending broadening wedge is a bullish reversal pattern. The trade can be entered once the price breaks out of the pattern to the upside. The target is the height of point B.
At the moment the price is overbought when looking at the RSI. In our opinion, the price is going to drop...
